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Click here to download an industry view on the changing role of the stock exchange from Jim Gollan, CEO at virt-x. Exchanges are learning the effect of changes in the market and the need to adapt and evolve their services to maintain competitive advantage and avoid complacency in thinking they have a ‘divine right’ to liquidity in their home market.
The effect of MiFID, changing trading patterns of the buyside and cross-border activity will affect the type of services trading venues may offer, and Jim explores how all of these factors, including exchange consolidation, makes for an interesting picture of the evolving exchange landscape. With the share prices of Europe’s largest exchanges currently trading at a premium due to prospective acquisition bids, significant synergies and growth in revenue will be requires to justify deals to the broad range of stakeholders.
